DekaBank Deutsche Girozentrale Purchases 537 Shares of monday.com Ltd. (NASDAQ:MNDY)

DekaBank Deutsche Girozentrale lifted its stake in monday.com Ltd. (NASDAQ:MNDY) by 64.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,371 shares of the company’s stock after purchasing an additional 537 shares during the period. DekaBank Deutsche Girozentrale’s holdings in monday.com were worth $261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MNDY. International Assets Investment Management LLC purchased a new stake in monday.com in the 4th quarter worth $25,925,000. Jackson Square Capital LLC bought a new position in monday.com during the fourth quarter valued at $1,647,000. Eventide Asset Management LLC purchased a new stake in shares of monday.com in the third quarter worth approximately $32,420,000. Seven Eight Capital LP purchased a new stake in shares of monday.com during the third quarter valued at $1,018,000. Finally, Natixis Advisors L.P. bought a new stake in monday.com during the 3rd quarter valued at about $1,678,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MNDY has been the subject of a number of research analyst reports. Wells Fargo & Company began coverage on monday.com in a research report on Tuesday, April 9th. They set an “overweight” rating and a $260.00 target price for the company. Jefferies Financial Group upgraded shares of monday.com from a “hold” rating to a “buy” rating and raised their price target for the company from $180.00 to $230.00 in a report on Friday, January 5th. Piper Sandler reiterated an “overweight” rating and set a $250.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. Citigroup downgraded monday.com from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $277.00 to $250.00 in a research report on Wednesday, April 10th. Finally, DA Davidson reissued a “neutral” rating and issued a $190.00 price objective on shares of monday.com in a research report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.33.

monday.com Stock Performance

NASDAQ MNDY opened at $187.92 on Wednesday. The business has a fifty day moving average price of $218.16 and a 200 day moving average price of $188.48. The company has a market cap of $9.07 billion, a P/E ratio of -2,684.19 and a beta of 1.18. monday.com Ltd. has a one year low of $108.35 and a one year high of $239.22.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 12th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. The business had revenue of $202.60 million during the quarter, compared to analysts’ expectations of $197.97 million. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) earnings per share. As a group, sell-side analysts predict that monday.com Ltd. will post -0.16 EPS for the current fiscal year.

monday.com Company Profile

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.